- Tag results for Reserve_Bank_of_India
Even as Prime Minister Narendra Modi is pushing for economic reforms, sale proceeds of air tickets to the tune of $16 billion a week are being routed through Deutsche Bank.
Responding to supplementaries, the Minister said it was difficult to give an exact figure on the number of deposited defunct Rs 500 and Rs 1,000 notes.
A key Parliamentary panel is likely to submit its report on the impact of demonetisation next month after reviewing various submissions, including that by RBI Governor Urjit Patel.
The plea has alleged that the surcharge levied by the banks and the financial institutions on credit and debit card transactions was illegal and discriminatory.
During investigation, police found that the email was sent from a cyber cafe in Nagpur.
The corresponding rates were 66.9771 and 71.0560, on February 20.
The Reserve Bank of India today fixed the reference rate of the rupee at 66.9468 against the US dollar and 71.0239 for the euro.
Chairman of SBI Arundhati Bhattacharyas said whatever cuts had to be made have already been done and there are no further rate cut plans at this point.
The Nifty was down 0.26 percent at 8,746.10 as of 0627 GMT, while Sensex was 0.24 percent lower at 28,221.71, on track for its third straight session of losses.
Reserve Bank has put the ball in the government's court to ensure better transmission of policy rate reductions by fast-tracking bank recapitalisation and NPA resolution.
The broader Nifty was up 0.7 percent at 8,802.30 as of 0555 GMT after earlier hitting its highest since Sept. 26, 2016.
All sectoral indices led by oil and gas, banking and PSUs were quoting in the green, adding up to 1.02 per cent.
There is no record available of the fake currency which has been detected in the demonetised notes deposited in banks.
The central bank had expressed concern whether the cash could be replaced quickly enough.
Reserve Bank of India Governor Urjit Patel on Friday is learnt to have said that cash flow in the country will normalise soon.